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Many homeowners often ask me how to get rid of their mortgage insurance. Typically, you need about 20% equity in your home, whether that was from a 20% down payment or from paying enough of your mortgage balance. However, there are some types you ... Read More

Basic Home Standards For FHA Approval

When it comes to borrowing money from a lender for just about anything, certain guidelines must be met in terms of what you’re able to buy, and that’s certainly the case with FHA home loans.

Comprehensive checklists can be found online to help you determine whether a property fits FHA requirements, but here’s a brief rundown of what to expect when it comes to FHA home standards:

Property must be free and clear of all known hazards that may affect the health and safety of the occupants, may affect the structural soundness of the property, or may impair the customary use or enjoyment of the property.

Foundation walls, exterior walls, windows, screens, roof surface, gutters, downspouts, and weather insulation must all be structurally sound and are subject to inspection.